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Cash is stashed under the bed.


AN increasing number of people are stashing their savings underneath beds because they do not trust bankers, new research revealed today.

Home insurance firm More Than said two-thirds of adults no longer have faith in the British banking system to look after their money.

A survey of 2,000 adults showed that one in 10 admitted they have started to hide money underneath mattresses since the onset of the banking crisis.

More Than spokesman Pete Markey Markey is the surname of the following American politicians:
  • Betsy Markey
  • Ed Markey
 said: "As a result of the well-reported banking problems and low interest rates, it is increasingly tempting for savers Savers, Inc. headquartered in Bellevue, Wash., is a privately held for-profit thrift store chain offering the best in secondhand shopping. An international company, Savers has more than 200 locations throughout the United States, Canada and Australia, and receives its merchandise  to look for unconventional methods of keeping their nest egg Nest Egg

A special sum of money saved or invested for one specific future purpose.

Notes:
Examples of the purposes for which nest eggs are usually intended include retirement, education, and even entertainment (vacations and cruises).
 secure.

"Keeping cash under the bed might make savers feel better in the short term, but risks leaving them high and dry should the unthinkable happen."
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Copyright 2009 Gale, Cengage Learning. All rights reserved.

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Publication:Coventry Evening Telegraph (England)
Date:Jul 2, 2009
Words:131
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